Pls suggest what should be the choice of travel passes to travel economical. I was thinking 4 x 1-day pass (group pass) + 1x Swiss half-fare travelcard. Is it cheaper than Swiss travel pass and is equally good?

If it's the 1-day pass as discussed here I would think that's indeed your cheapest option. The coverage is nearly the same as the Swiss Travel Pass, but you won't get free museums entrance.

The Swiss Half Fare Card can best be printed at home: please visit www.swissrailways.com/ en. After filling out your address, they will show the delivery options. Pick "Online Ticket" from the bottom of the list. They will e-mail the card (no delivery fees) within 1-3 business days.

Hello, Thanks for your reply. I have taken one Half-fare card and will be taking the 1-day travel pass plus. Pls let me know if all 4 of us can avail discount on the mountain trains to Jungfrau and cable car to Titlis? Would we get any discount on the Panasonic / glacier trains?

The Glacier Express is included for all 4 of you, except for the seat reservations. I'm not sure when you travel but the Glacier Express does not operate from October 24 to December 10. Regular trains on the same route will operate though.

I don't know about discounts on mountain trains and cable cars for this particular offer. It's mainly an offer for Swiss residents but seems to work for tourists too, however for details please refer to the SBB site as mentioned in the other thread. I would think you get discounts for all travelers there as well, but you'd have to check with them.